PART 6PAYE SETTLEMENT AGREEMENTS

Form and commencement of PSA

Form of PSAI1111

1

A PSA must be—

a

in writing, and

b

signed and dated by the employer and F2HMRC.

2

A PSA must incorporate, whether by specification or indirect reference—

a

the qualifying general earnings included in the PSA,

b

the method of calculation, determined in accordance with regulation 108, of the amount of income tax for which the employer is to be accountable in respect of those qualifying general earnings, and

c

the due date by which, in accordance with regulation 109, income tax in respect of those qualifying general earnings is due and payable.

F13

In paragraph (1) “in writing” includes electronic communications and “signed” includes electronic signatures.